CBOT May 2019 soybeans with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

U.S. grains: Soybeans inch up on China purchases

Chicago | Reuters — U.S. soybean futures inched upward on Thursday on news that Chinese state-owned firms bought at least 500,000 tonnes of U.S. soybeans, while wheat futures dropped to their lowest levels in more than a year on pressure from a strengthening dollar, traders said. Chinese state-owned firms bought the U.S. soybeans for shipment […] Read more

Foreign Minister Chrystia Freeland told the Canadian Crops Convention March 6 the Canadian government is trying to restore Richardson International’s canola exports to China. (Allan Dawson photo)

Canada working to end China’s canola block, Freeland says

Montreal — The Canadian government is working hard to reopen Richardson International’s Canadian canola markets in China, says Chrystia Freeland, Canada’s minister of foreign affairs. “We’re working closely with Canadian farmers and Canadian industry,” Freeland said in a brief interview after speaking at the Canadian Crops Convention (CCC) here Wednesday. “Our embassy is very focused […] Read more



U.S. livestock: Hogs dip from two-week high, await trade news

U.S. livestock: Hogs dip from two-week high, await trade news

Chicago | Reuters — U.S. lean hog futures retreated on Wednesday after four straight sessions of gains in a technical and profit-taking setback from two-week highs as investors awaited new developments in U.S.-China trade negotiations. Cattle futures also fell broadly, although worries about a late-winter snowstorm forecast for the beef cattle-producing U.S. Plains underpinned the […] Read more


ICE May 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: China worries keep market trending down

MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems […] Read more



A rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)

Richardson disputes China claim of ‘hazardous pests’ in canola

Beijing/Chicago | Reuters — Canadian agribusiness Richardson International said on Wednesday that canola it shipped to China met regulatory requirements after a Chinese official charged that “hazardous pests” were found in samples taken recently from Canadian canola imports. Beijing this month cancelled Richardson’s registration to ship Canadian canola to China, the world’s top importer of […] Read more



U.S. livestock: Hog futures set two-week peak on pork price hopes

U.S. livestock: Hog futures set two-week peak on pork price hopes

Chicago | Reuters — U.S. lean hog futures jumped to two-week highs on Tuesday amid hopes for increased pork prices, which have been under pressure from large supplies and weakened demand from China. Wholesale pork prices, known as the cutout, rose by $1.01 on Monday to $62.93/cwt for carcasses, according to U.S. Department of Agriculture […] Read more

Canola Council of Canada president Jim Everson says China’s block on Canadian canola has now expanded beyond just shipments from Richardson International. (Co-operator file photo by Allan Dawson)

China’s block on canola seen as blowback from diplomatic spat

Montreal — Canola industry leaders attending the first Canadian Crops Convention here this week say they don’t know why China has abruptly blocked imports of Canadian canola from Richardson International, Canada’s biggest grain company. But according to a senior Richardson official it’s in retaliation to the diplomatic spat between China and Canada over the arrest […] Read more